Byline: Nuntawun Polkuamdee
Apr. 10--Kiatnakin Finance expects loan growth of 20 billion baht this year as part of an expansion plan aimed at transforming the company into a commercial bank.
Managing director Pravit Varutbangkul said the company would submit its bank licence proposals by July, including a plan to merge with 99.99 percent-held subsidiary Radanatun Finance.
Kiatnakin is looking to open five new branches this year, raising its total to 15, to support lending and hire-purchase operations. Subsidiary Kiatnakin Securities also plans to open four new branches this year, increasing its network to 24.
Mr Pravit said the company …
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